, and Alabama state securities boards submitted orders for Slotie to cease and desist its operations, citing the platform's lack of state registration and the offering of unregistered securities via NFTs.
The cease and desist order of the New Jersey Bureau of Securities argues that Slotie is offering securities that are not registered with the Bureau, “federally covered,” nor exempt from registration. In particular, the filing questions Slotie’s claims that its initial collection of 10,000 NFTs sold out in under five minutes, and its second batch of 5,000 NFTs sold out in under two minutes, noting there is no “evidence on the blockchain” to back such claims.
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They scuuureeed
That would be OK if the “US state regulators” were present in the metaverse. Cross realm regulation is not ok imo.
Regulators ruin everything
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Four U.S. states order a metaverse casino to halt sale of NFTsA metaverse casino was hit Thursday with a multistate emergency cease-and-desist order.
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